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Multifamily

1950 NW 32nd St

1950 NW 32nd St, Miami, FL 33142

Listing Price: $980,000

Cap Rate
5.30%
Number of Units
4
Occupancy
95.0%
Price/Unit
$245,000
Price/Gross SF
$371.49
Gross SF
2,638

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for Sale Allapattah 1950, one, four-unit apartment building located at 1950 NW 32nd Street in Miami, Florida. Allapattah 1950 is a one-story building constructed of concrete block with a shingle roof. The property’s unit mix is comprised of one one-bedroom / one-bathroom and three two-bedroom / one-bathroom apartment units. The building has individual meters for water and electric. The building was extensively renovated including new roof, new impact resistant windows, flooring, new kitchens, bathrooms and air-conditioning units. Allapattah 1950 is situated within an 8-minute drive from the Civic Center/Health District which is the second largest concentration of medical and research facilities in the United States. The Health District is home to major employment drivers such as Jackson Memorial Hospital, University of Miami Hospital, Veterans Administration Hospital, Dade County Court House and Miami Dade State Attorney’s Office among others. In addition, there is public transportation in the immediate area that includes the Metrobus and Miami Metrorial at Civic Center Station and Santa Clara Station and Earlington Heights Station. The Metrorail connects directly to all the major hospitals and research centers and connects the district to downtown Miami, Dadeland and Hialeah, as well as to Miami’s commuter rail system. In addition, The Property is within the Allapattah neighborhood which has experienced explosive growth in the last four years. New restaurants, art galleries, supermarkets and apartment communities are among the most notable projects in the area. Allapattah 1950 is an excellent opportunity for an investor looking for a stable asset with minimal capital improvements to be made in the near future and with upside in rental income. The property is being delivered free and clear.

Investment Highlights

  • Extensively Renovated Property
  • Upside in Rental Income
  • Excellent Unit Mix
  • Off-Street Parking
  • Ease of Management
  • New Roof
  • Individual Meters for Water and Electric

Exclusively Listed By

Financing By

Multifamily

1950 NW 32nd St

Listing Price: $980,000

Cap Rate
5.30%
Number of Units
4
Occupancy
95.0%
Price/Unit
$245,000
Price/Gross SF
$371.49
Gross SF
2,638

Investment Highlights

  • Extensively Renovated Property
  • Upside in Rental Income
  • Excellent Unit Mix
  • Off-Street Parking
  • Ease of Management
  • New Roof
  • Individual Meters for Water and Electric

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for Sale Allapattah 1950, one, four-unit apartment building located at 1950 NW 32nd Street in Miami, Florida. Allapattah 1950 is a one-story building constructed of concrete block with a shingle roof. The property’s unit mix is comprised of one one-bedroom / one-bathroom and three two-bedroom / one-bathroom apartment units. The building has individual meters for water and electric. The building was extensively renovated including new roof, new impact resistant windows, flooring, new kitchens, bathrooms and air-conditioning units. Allapattah 1950 is situated within an 8-minute drive from the Civic Center/Health District which is the second largest concentration of medical and research facilities in the United States. The Health District is home to major employment drivers such as Jackson Memorial Hospital, University of Miami Hospital, Veterans Administration Hospital, Dade County Court House and Miami Dade State Attorney’s Office among others. In addition, there is public transportation in the immediate area that includes the Metrobus and Miami Metrorial at Civic Center Station and Santa Clara Station and Earlington Heights Station. The Metrorail connects directly to all the major hospitals and research centers and connects the district to downtown Miami, Dadeland and Hialeah, as well as to Miami’s commuter rail system. In addition, The Property is within the Allapattah neighborhood which has experienced explosive growth in the last four years. New restaurants, art galleries, supermarkets and apartment communities are among the most notable projects in the area. Allapattah 1950 is an excellent opportunity for an investor looking for a stable asset with minimal capital improvements to be made in the near future and with upside in rental income. The property is being delivered free and clear.

Exclusively Listed By

Financing By

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